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Financial Institutions Remain Closed-Many Records Lost MANY MERCHANTS RUINED One Fortunate Sells Business Only Few Hours Before City Is Devasted Pueblo, Col., June 7.-A run on the banks of Pueblo is not improbable. None of them as yet opened its doors, but the populace is waiting to get at its savings. The Western National bank has asked for a six day morator ium. All its records and accounts were destroyed when the building was submerged. An order is request ed, miminizing the amount of cash that each depositor can withdraw from his account. Such a provision will preserve the banks and stabilize, somewhat monetary conditions, it is said. E. C. Mewther of the Singer Sewing Machine company reported his stock and records a total loss. Fifty thousand dollars standing out on account is his solitary asset. And that depends entirely on the honesty of his dbtors. H. T. Frasier, proprietor of a Pueblo sadd'ery, at Second and Main streets, reports a loss of $100,000 to his stock and building. "I may be able to begin again with what cash I have in reserve, but I dare say no other merchant in my block is as fortunate." Morris Penter, a former Denver newspaper mtn and owner of a cigar store in Pueblo, suffered a loss estimated at $40,000. He says he will return to the field of journalism to regain his feet. L. L. Grey, owner of the Oriental Cigar store and the building which it occupied at 123 West Third street, until Friday afternoon, escaped financial disaster by a freak of fortune. He sold his business and his building three hours before the flood and received cash in the transaction.
